Canada’s August federal deficit down to $300 million from $2 billion
Canada's federal deficit plunged to $300 million in August from $2 billion in the same month in 2013, the Department of Finance's monthly Fiscal Monitor...
Canadian GDP shrank by 0.1 percent driven by goods-producing sector
Canadian GDP shrank by 0.1% in August, caused by a particularly weak goods-producing sector and lower energy output, Statistics Canada announced on Friday, surprising...
Eurozone inflation slightly up to 0.4 percent in October
Eurozone inflation increased ever so slightly to 0.4% in October from September’s 0.3%, the EU’s statistical office Eurostat announced on Friday. The data provided...
Bombardier Russian assembly line project shelved, political situation cited
Canadian aircraft and train maker Bombardier Inc. announced on Thursday that it is shelving a US$3.4 billion plan to set up a new assembly...
IAG ups profit forecast after 30 percent third quarter rise
IAG SA, the owner of British Airways, Iberia and Vueling, raised its full year profit guidance on Friday after posting a 30% rise in...
Starbucks set to offer delivery service in 2015
Starbucks is set to provide a delivery service to customers in 2015. The company has said that it will be launching the service in...
Citigroup cuts third quarter profit by $600 million
Citigroup has cut its third-quarter profit by $600 million because of “rapidly-evolving regulatory inquiries and investigations.”
The money will be used to pay off settlements...
Lufthansa expects lower profit in 2015, cites economic slowdown and competition
Germany’s flag carrier Deutsche Lufthansa AG issued a lower-than-expected profit guidance for 2015 on Friday. The airline cited weak growth in the world economy,...
Stocks edge higher, US GDP up 3.5% in third quarter
U.S. stocks performed well on Thursday, following strong reports of third quarter economic growth.
Gross domestic product increased at an annual rate of 3.5 percent...
NAB to sell British assets and focus on Australasian operations
National Australia Bank (NAB) says it plans to get rid of its British loss-making investments so that it can focus on improving operations at...